VIX - Squaring the Continuous Contract October 20, 2021 S&P 500 VIX FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT) CBOE:VX2! HK_L61 September Closed the @ 19.71 yesterday, an important Level for the Continuous Contract to Observe, for now, it will change again. CASH/SPOT VIX @ 17.81 this morning. CSH Will Converge to M1 (October) into next Tuesday/Wednesday. There will be a Gap in the Continuous Contract as long as the VX Curve remains in Contango - presently the spread is 205 Ticks x 1, the VIX trades @ 5 Ticks. Convergence will provide LIFT for the Indicies during Roll to Settle as we indicated and provide the cover for higher Index Prices in the Equity Complex. Curiously, there is the October 21st Pivot timeframe appearing again...